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Nov 14, 2012
11/12
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they think the country will deal with tax reform in the coming year. and they think they agreed on this issue about the ratings downgrade. i don't agree with that. liz: if you look back to your ago august, isn't that spark plug already blown, and your split ratings idea means the fact the we have seen it makes it so much less shocking. charlie: may be shocking but there is a reality that when you are no longer aaa credit, and you are no longer aaa and people -- and predict the future. and it is corporate bonds. municipal-bond soften price of of a spread of of aaa. and that is the difference and has an impact on the market. those financial products have to be repriced. there's a greater degree of uncertainty. the first wasn't so bad because it was this list and you go higher i think will happen, this could be something you as an investor pay attention to. it is no longer split. below triple-a-rated country. and that as a financial impact. liz: he has a number. he already forgot. liz: 29 minutes before the closing bell, shares of network equipmentmaker c
they think the country will deal with tax reform in the coming year. and they think they agreed on this issue about the ratings downgrade. i don't agree with that. liz: if you look back to your ago august, isn't that spark plug already blown, and your split ratings idea means the fact the we have seen it makes it so much less shocking. charlie: may be shocking but there is a reality that when you are no longer aaa credit, and you are no longer aaa and people -- and predict the future. and it is...
79
79
Nov 15, 2012
11/12
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eye 79
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go up, if you like the stock on it in a tax qualified count. liz: let me finish with your last one. a little bit richer. it's 20. what the like of that? >> well, i like the fact that business is booming. there able to grow earnings 10% per year. huge market share, discovering all this oil and gas. they are our leading player. >> trying to leave the set with our nickel. he's running away. >> they have exposure to a just an incredible explosion of interest in shale production. there just a leading player. liz: the four stocks. thank you very much. you have to fleece the sky. he has article. he has it. he has taken my nickel. thank you so much. the cat. closing bell ringing in six minutes. if you own the stocks you are hitting the jackpot today. stay around to find out which one it is and why you might not have to make a trip to vegas. statement. dow jones industrial. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he
go up, if you like the stock on it in a tax qualified count. liz: let me finish with your last one. a little bit richer. it's 20. what the like of that? >> well, i like the fact that business is booming. there able to grow earnings 10% per year. huge market share, discovering all this oil and gas. they are our leading player. >> trying to leave the set with our nickel. he's running away. >> they have exposure to a just an incredible explosion of interest in shale production....
110
110
Dec 10, 2012
12/12
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FBC
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eye 110
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liz: is a directly related to the tax break on dividends? >> absolutely. we're fortunate we are in a position to do it. $100 million in cash. the relatively smaller amount. $12 million i think it makes good sense for us and also good sense for the dollar, going to get texas. it is an interesting situation. good for stockholders and also good for the public. liz: the calendar shoveling to help the shareholders like to say people look magnificent, you are about 98% stakeholder, so your tax bill is a huge savings as well. because he will save $400 million because of this. that articulates how people are being affected, but in the end how important is it to strike a deal? do you feel everything going to be mayhem if we don't? >> i really don't know that. other ceos, with a meeting with a number of ceos and i asked are you preparing for the fiscal cliff? and almost there was a blank. nobody is really thinking that will take place, and if it does we have to manage our business. liz: how are you preparing besides the dividend move? >> i will give a special editio
liz: is a directly related to the tax break on dividends? >> absolutely. we're fortunate we are in a position to do it. $100 million in cash. the relatively smaller amount. $12 million i think it makes good sense for us and also good sense for the dollar, going to get texas. it is an interesting situation. good for stockholders and also good for the public. liz: the calendar shoveling to help the shareholders like to say people look magnificent, you are about 98% stakeholder, so your tax...
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everyone perceives the taxes are going to go up, the dividend taxes are going to go up. there's the probability of taxes going higher and therefore stocks go lower. liz: one of your companies bgc has a terrific dividend. a lot of people bought into this stock because it has a 10% plus dividend so you are really getting paid to hold bgc stock. what if that dividend tax goes from 15% to 30%, does that worry somebody like you? >> sure, i mean, look, it is bad for people who own stocks who pay dividends that the tax goes up. but unfortunately, bgc because of our structure -- fortunately bgc because of our structure a large percentage of it is not tax at all because of our structure. we're able to pay a dividend out and people don't have to pay even the 15% tax. that makes it very attractive. for most stocks, right, it's just bad for stocks. increased capital gains tax. it's just bad for stocks. you lay these things out there, capital gets more expensive, stock prices go down. liz: let me pick your brain because our investors love to listen to you because you make real bets a
everyone perceives the taxes are going to go up, the dividend taxes are going to go up. there's the probability of taxes going higher and therefore stocks go lower. liz: one of your companies bgc has a terrific dividend. a lot of people bought into this stock because it has a 10% plus dividend so you are really getting paid to hold bgc stock. what if that dividend tax goes from 15% to 30%, does that worry somebody like you? >> sure, i mean, look, it is bad for people who own stocks who...
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the congressional budget office says extending all expiring tax cuts other than the payroll tax would boost gdp by about 1 1/2%. it also said that eliminating automatic spending cuts and hands-off approach to medicare payments will add another three quarters of 1 percentage point by 2013. united continental says air traffic is down 3.3% in october from a year earlier. the airline says superstorm sandy is to blame for the weaker numbers as she hit its operations. nearly 5300 flights were cancelled during the storm that pummelled the northeast hurting united continental's profit by about 35 million bucks last month. and shares of groupon are on the rise ahead of its thid quarter earnings -- third quarter earnings due autoof the closing bell -- out of the closing bell. the close yesterday at new lifetime low, more than 80% below its initial public offering back in early november of last year. now we continue our countdown to the closing bell with liz claman. liz: maybe they should have taken that google deal. just saying. telecoms are seeing mixed results today following earnings. let's
the congressional budget office says extending all expiring tax cuts other than the payroll tax would boost gdp by about 1 1/2%. it also said that eliminating automatic spending cuts and hands-off approach to medicare payments will add another three quarters of 1 percentage point by 2013. united continental says air traffic is down 3.3% in october from a year earlier. the airline says superstorm sandy is to blame for the weaker numbers as she hit its operations. nearly 5300 flights were...
80
80
Nov 12, 2012
11/12
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FBC
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eye 80
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especially if you're concerned about capital gains taxes things like that. as portfolio managers want to shed some of their holdings, they will shed some of their largest holding or their biggest winner and apple has been both. we think that's part of it. we're hearing more and more concern that apple has lost its touch. the management shake up kind of adds fuel to that fire. apple maps has been a bit of an issue. we think there is an investor concern right there. the reason why it didn't pop back after earnings is gross margin guidance for the up coming quarter -- cheryl: let me stop you. you mentioned what happened with the management shake up, that happened in the middle of the hurricane. that was kind of questionable timing. but, you know, the head of the retail stores has been in the job 7 months. is this new reality for apple, these knee-jerk reactions, many investors got very nervous when he made that move and took two people out of their jobs immediately? >> sure, well, i think ultimately whether the management team -- whether that shake-up is succes
especially if you're concerned about capital gains taxes things like that. as portfolio managers want to shed some of their holdings, they will shed some of their largest holding or their biggest winner and apple has been both. we think that's part of it. we're hearing more and more concern that apple has lost its touch. the management shake up kind of adds fuel to that fire. apple maps has been a bit of an issue. we think there is an investor concern right there. the reason why it didn't pop...
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mostly tax increases, $1.6 trillion in tax increases, you know, double what he wanted during the campaign, he's calling for some budget cuts, but they're very unspecified, so most people don't believe they'll happen. if lew gets to preserve some of that in a deal with republicans, you know, he's golden. most people don't think they'll get all of that, but there's flies in the ointment we should point out. larry fink is often set to be on the periphery, major democratic supporter of president obama during his first term. he's said to be kind of like on a short list. we should point out that larry hasn't been called yet. the president seems to be siding with lew. things could change. fiscal cliff could be a big thing. lori: tell us more about the character of jack lew. we foe he's -- we know he's a tough negotiator -- >> he's the chief of staff right now. um, you know, he spent some time at citigroup, i know that. he's considered -- he was brought in to citigroup by, i believe, bob rubin, spent time in the clinton administration. people describe him as a pretty partisan guy. he's much more
mostly tax increases, $1.6 trillion in tax increases, you know, double what he wanted during the campaign, he's calling for some budget cuts, but they're very unspecified, so most people don't believe they'll happen. if lew gets to preserve some of that in a deal with republicans, you know, he's golden. most people don't think they'll get all of that, but there's flies in the ointment we should point out. larry fink is often set to be on the periphery, major democratic supporter of president...
146
146
Nov 29, 2012
11/12
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FBC
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eye 146
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if we can bridge the fiscal cliff and get a comprehensive tax reform and entitlement reform, you would see a market significantly higher. tracy: we have had some earnings that look positively dismal. it is a very big pricey discretionary product, but they miss earnings, that is a real fundamental, isn't it? speak we still have the s&p profit growth that is positive. you cannot continue to have double-digit earnings growth as he diyou did for 10 consecutive quarters. if we get through this cliff in the back half of 13, gdp growth rate accelerates as we anticipate and profit growth as well. tracy: if your liking big multinationals, you don't like europe yet you like the multinationals. help me wrap my mind around that. >> u.s. large caps are cheap, most of those in mall to nationals. but they don't deserve to be cheap. it is going to be a while before you get any sustained growth. you can't make that case the multinationals. it is relatively speaking a small part. the big part of the global exposure is the emerging markets. tracy: you obviously are very bullish equity sky. you have to be
if we can bridge the fiscal cliff and get a comprehensive tax reform and entitlement reform, you would see a market significantly higher. tracy: we have had some earnings that look positively dismal. it is a very big pricey discretionary product, but they miss earnings, that is a real fundamental, isn't it? speak we still have the s&p profit growth that is positive. you cannot continue to have double-digit earnings growth as he diyou did for 10 consecutive quarters. if we get through this...